The government measures will help improve liquidity in the market, but introduction of higher safety standards and insurance costs have already raised two-wheeler prices by 15%, Koichiro Hirao told ET.

Early in 2016, the Government of India along with the Ministry of Road Transport and Highways (MoRTH) moved a step closer to lowering automobile emissions, by deciding to implement Bharat Stage (BS) VI emission standard from April, 2020. A derivative of EURO VI standards, BS VI standards require a 68 percent reduction in NOx emissions from compression ignition (diesel) engines and set a limit of 4.5 mg/km of particulate matter (PM) emissions in engines with direct fuel injection. From 2023, Read more..

The last few months have not fared well for the Indian automotive industry. The sector is amidst one of the most challenging times ever witnessed with a drastic plunge in domestic consumption. Automobile sales across categories have touched the nadir in eight years since 2011, plummeting by 17.07%. This in turn has had a cascading negative impact on OEMs, auto ancillary and metal sectors. GDP too is largely affected since all these sectors are vital contributors to national figures. Ahead of Read more..

Governments recent initiatives including reduction of GST on electric vehicles from 12% to five per cent has re-affirmed the intent to combat poor air quality and curb the excessive dependence on oil import The focused efforts and policy measures such as FAME India, Bharat Stage VI and CAFE normsare expected to give the much-needed fillip for the eMobility revolution and help the country to achieve significant Electrification of Fleet by 2030. These policy measures by the Government and the Read more..

In fact, segment leaders like Maruti Suzuki, Tata Motors and Hero MotoCorp have reported de-growth of 34.3 per cent, 45 per cent and 20 per cent, respectively giving a clear indication of a prolonged slowdown in the sector.